Ann: Invalid Section 249D Notice, page-69

Not overly sure that the RM's feel they have lost!!

Extremely unlikely that they will do either:
1) Start a law suit, on what grounds could a law suit be possibly taken?
2) Sell their holdings!

There are other avenues that the issuing RM's can utilise:
1) Reissue the 249D
2) Apply to the Takeover Panel to determine the validity of the rejection, bearing in mind that this wasn't a take over versus the removal of board members but it comes under their umbrella.

cheers
All IMO only